Our topic this week is Understanding a Firm's Financial Statements. What are the top 3 things you would look at in your financial statements to see if your business is successful and why?
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- • Identify a company, business, or organization in your community (it can be one for which you work), and share some examples of current and long-term liabilities for that company. Reflect on the financial statement presentation requirements for the company's current and long-term liabilities. Based on what you have learned, what changes would you make, if any? Why, or why not?Who will be a user of financial statements, and what will they be used for? Question 17 options: Lenders will use financial statements to decide whether to invest in a company. Investors will use financial statements to decide whether to lend money to a company. The marketing department is interested in the operating income figures in the financial statements. Managers will use financial statements to make decisions about their company.Think of a business or organization that you would like to work with. 1. Explain how, as a financial manager, you would use financial ratios in daily operations to ensure the success of the organization.
- Thanks in advance. could you please explain in 5 lines the importance of having a company with good financial situation for the investor?Assume that you are the financial manager for your company. What should be your number one priority goal to assure your company is successful in the next year? What skill do you think you need to possess in order to accomplish this goal?1. What role does management accounting play in helping Starbucks reach its objectives? 2. Besides preparing annual financial statements, how do managers use accounting information
- Hi Team! Greetings again to you all. For this week we will be focusing on the theme The Financial Accounting Cycle (Part 1). I have already uploaded the week 2 mini lecture notes to the course page under the heading Course Materials. I implore you to use this additional material alongside the other materials provided in building your knowledge base on this area. Please see our week 2 discussion question as follows: Question: During February 2015, Claude Sample who operates a sports clinic presented the following for the first month of his company’s operation: Feb 1. Sample invested $55,000 in the business by depositing it into the company’s bank account. Feb 2. Paid $46,000 cash for land. Feb 3. Purchased medical supplies for $1,800 on account. Feb 4. Officially opened for business. Feb 5. During the month, Sample treated patients and earned service revenue of $8,000, receiving cash. Feb 6. Paid cash expenses:…The preceding table gives balance sheet percentages and selected financial data for three companies in very different industries - food and beverage, manufacturing, and social networking. Make three observations in each section - Assets, Liabilities and Net Worth, and Selected Financial Data - that you think are interesting. Describe what you think is going on.What are some specific activities that a financial manager does? For example: Review balance of company accounts. I want to know more about the exact day-to-day activities of a financial manager, such as the example I just gave.
- Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences. Use an example to discuss the importance of analyzing and managing finances to help make business decisions. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims. Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. What accounting information do financial analysts use? What would happen if that information was not available or was not accurate? Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer…a. In building a business where we will earn and then take notes resources used to start and build new businesses. You are asked: Applying the theory of financial statements by making illustrations in tabular form, then explained about the relationship between financial resources and in this case the balance sheet and Profit and loss statements related to new ventures start from development stage to stage the start.Financial Responsibilities: Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences. Financial Management Decisions: Use an example to discuss the importance of analyzing and managing finances to help make business decisions. Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? Accounting Principles: Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer the following questions: What accounting information…